International

Kazakhstan’s combined crude oil and condensate production reached an all-time high in March, which further exceeded the country’s crude output ceiling under the OPEC+ deal. Kazakhstan, a non-OPEC producer part of the OPEC+ pact, pumped a record high 2.17 million barrels per day (bpd) of crude oil plus condensate last …

Shell, Chevron, and Exxon have warned the Australian government a proposal aimed at curbing natural gas shortages on the domestic market might end up making them worse instead. “The fact that the easiest lever the federal government now has to solve the southern gas problem is export controls, is not …

The price of Russia’s ESPO crude blend, the flagship grade exported from the Russian Far East, slumped to the lowest level since June 2024 and flipped to a discount to the international benchmark as demand from Chinese state-owned firms has weakened, trading sources told Reuters. Cargoes of ESPO for April …

Saudi Arabia, the world’s top crude oil exporter, is expected to slash the price of its oil loading for Asia in May to the lowest level in three months amid a slide in regional benchmarks, a Reuters survey of Asian refining and trading sources showed on Friday. Saudi oil giant …

Kuwait has approved a financing and liquidity law that will allow one of OPEC’s top producers to return to the debt market after eight years, with borrowing expected to fund projects to diversify its dependence on oil revenues. While the other OPEC Gulf heavyweights, Saudi Arabia and the United Arab …

Coal-fired power generation in the United States jumped at the start of the year, but no thanks to President Donald Trump’s push for “beautiful, clean” coal. The coldest winter in six years boosted electricity demand, while the surge in natural gas prices made gas-fired generation more expensive than coal. As …

The US could have boots on the ground in Ukraine — though not in the way many might expect. During a recent phone call between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy, where Ukraine agreed to pause attacks on Russia’s energy infrastructure for 30 days, the idea emerged …

Indian state-owned Oil and Natural Gas Corporation Limited (ONGC), the biggest oil and gas explorer and producer in the country, plans to diversify in refining, petrochemicals, LNG trading, and renewable energy as it expects lower oil prices amid a looming crude supply glut. “Globally, we are heading to a glut …

U.S. President Donald Trump has announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trades with the United States, Reuters reported on Monday, with Trump claiming that Venezuela has sent “tens of thousands” of people to the U.S. who have a …

Indonesia is plowing ahead with its $20-billion international partnership to aid its energy transition despite the U.S. exit from international climate deals and commitments to support the clean energy goals of developing countries. At the end of 2022, Indonesia, the world’s top coal exporter and heavily reliant on coal for …